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On the morning of August 14, the Bitcoin market demonstrated strong buying momentum. Both long-term and short-term technical indicators show an upward trend. From the daily chart, the price has broken through the upper band of the Bollinger Bands, and the Bollinger Bands show an opening upward shape, indicating that the upward trend may continue. The hourly trend is also encouraging, with consecutive Bullish lines indicating that buying pressure is gradually pushing up the price.
From the current market situation, there may be a good buying opportunity for Bitcoin around $1230, with a potential upward target price reaching $1260. However, investors should remain cautious and closely monitor market changes to manage risks effectively. Although the technical aspects show Favourable Information in the short term, the high Fluctuation of the crypto assets market is still a factor that cannot be ignored. Investors should consider various factors such as the macroeconomic environment, regulatory policy changes, and market sentiment before making any investment decisions.